Group 1 - The financial situation of millennials is characterized by significant challenges, including student debt, housing affordability, and limited wealth-building opportunities [1][3][4] - Wealth gains among millennials are concentrated among those who own homes and financial assets, while renters have seen smaller increases in net worth [3][5] - The rising home prices have outpaced income growth, making homeownership unattainable for many millennials, and those who do buy face higher mortgage payments relative to income [5][6] Group 2 - Despite the struggles of many millennials, a portion of the generation has experienced substantial wealth growth due to rising asset prices and market gains [7][8] - A late-2024 analysis indicates that millennials' total net worth has nearly quadrupled since 2019, driven by increases in housing values and financial assets [8] - Millennials' average net worth growth has outpaced that of Gen X and baby boomers, averaging 12.74% in 2024 [8]